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Forum Post: 5 Ideologically Diverse Economists Surveyed; Found 6 Policies They All Agreed On

Posted 8 years ago on July 28, 2012, 3:03 a.m. EST by totalreset (6)
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NPR’s “Planet Money” Endorses Ron Paul Economics

In a STUNNING admission, NPR’s “Planet Money” surveyed 5 ideologically diverse economists and found 6 policies they all agreed on. Ironically, they all align with Dr. Paul’s platform for economic renewal:

  1. Eliminate the mortgage tax deduction (government subsidy)

  2. End tax deductions for health-care (buy your own…)

  3. Eliminate the corporate income tax

  4. Eliminate all income and payroll taxes

  5. Tax consumption NOT income!

  6. Legalize Marijuana

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[-] 1 points by jrhirsch (4714) from Sun City, CA 8 years ago

Like all except #5 "Tax consumption NOT income!"

A regressive tax. The poor would pay a much larger share of tax than the rich because most of their income goes to consumption. I support the basic idea of a consumption tax, but if it isn't progressive, it's unfair.

[-] 2 points by JPB950 (2254) 8 years ago

It could be done and made fair. Whatever the percentage of the tax is, refund that percentage to every taxpayer for the first x thousand dollars of income. Whatever value is picked for x it assures that the necessities are tax free for all.

[-] 1 points by Freebird (158) 8 years ago

I don't know about the USA, but in Canada, low income peeps get a GST (Goods & Services Tax) rebate, if low income. Totally doable. Still, NO TAX, WHATSOEVER is better, especially for the poor, in my humble opinion.

[-] 1 points by JPB950 (2254) 8 years ago

I don't pretend to know an actual income figure that would define poor. By setting that X dollar figure at that level, those people would get all their tax money back. I don't think it's a bad idea for all to pay something though on items viewed as luxuries.

[-] 0 points by Freebird (158) 8 years ago

Yeah. The gov definition of poor or low income leaves a lot to be desired. For instance, both my kids (19 & 21) are still at home. The eldest works and goes to college (no student loans), and the younger works and is saving to move out. We don't charge them room and board, as it would just take them longer to acheive their, (and our goals) ... moving out! So, because they have minimum wage jobs right now, they are considered to be "below the poverty level", and THEY get GST rebate cheques every two months! No GST rebates for the taxpaying parents who subsidize them though!

Of course, this is just one tiny example of the multitude of scams pulled off on the continuously overburdened taxpayer, and will continue till there's nothing left to steal I guess.

[-] 0 points by OldCrow (22) 8 years ago

Smoke pot and eliminate taxes. This poster has to be a Ron Paul guy.

[-] 1 points by Freebird (158) 8 years ago

Does this post mean you want to keep pot illegal and raise taxes? You sound like a republocrat.